United expects 1st month of positive income, amidst massive 270 aircraft order
In a US Securities and Exchange Commission filing made on June 28, 2021, United Airlines announced that it expects to generate positive adjusted pre-tax income in the month of July 2021.
According to the filing, July 2021 will be the airline’s first month with a positive adjusted pre-tax income since January 2020.
This announcement follows news surrounding United Airlines’ potential aircraft order of up to 270 narrow-body jets valued at over $30 billion. With favorable market prices, the order is said to include up to 200 Boeing 737 MAXs and about 70 Airbus A321neos to complement the carrier's medium-long range single-aisle operations.
The aircraft order is projected to eclipse Southwest Airlines’ (LUV) firm order of 234 Boeing 737 MAX aircraft, becoming the largest fleet order following the drop in demand in early 2020, due to the coronavirus pandemic.
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